01—Abstract
Summary
Summary of the 8-K filed January 26, 2023. Cited figures are marked; the original filing is the authoritative source.
Comcast Corporation (CMCSA) filed an 8-K on January 26, 2023, to report its fourth quarter and full-year 2022 financial results, as detailed in an attached press release.
This filing primarily serves to provide investors with the company's performance metrics and a supplementary explanation of the non-GAAP financial measures used in their reporting. Investors should review the press release for specific operational and financial data. The company emphasizes that while it is presenting these results, the information in this 8-K, including the press release and the explanation of financial measures, is furnished and not considered 'filed' with the SEC.
This means it will not be automatically incorporated into future SEC filings. The detailed financial performance, including revenue, earnings, and segment-specific data, will be found within the referenced press release, which also includes reconciliations of non-GAAP measures to GAAP equivalents.
02—Key points
Key Highlights
- Comcast Corporation released its Q4 and full-year 2022 financial results on January 26, 2023, via an 8-K filing.
- The 8-K includes a press release (Exhibit 99.1) detailing the company's operational and financial performance.
- An explanation of Comcast's use of non-GAAP financial measures and their usefulness to investors is provided (Exhibit 99.2).
- Reconciliations between non-GAAP and GAAP financial measures are included within the press release.
- The filing clarifies that the information is furnished and not 'filed' with the SEC, meaning it will not be automatically incorporated into future SEC filings.
- Investors are directed to the attached press release for specific financial and operational details.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to officially report Comcast Corporation's financial results for the fourth quarter and the full fiscal year ended December 31, 2022, as detailed in an accompanying press release.
Where can I find the specific financial results of Comcast?
The specific financial and operational results for the period are contained within the press release attached as Exhibit 99.1 to this 8-K filing.
What are non-GAAP financial measures, and why does Comcast use them?
Non-GAAP financial measures are accounting metrics that exclude certain items or use different methodologies from standard GAAP (Generally Accepted Accounting Principles). Comcast uses them, as explained in Exhibit 99.2, because management believes they provide useful insights into the company's operational performance and financial condition, often offering a clearer view of underlying trends. Reconciliations to GAAP are provided.
Is the information in this 8-K considered 'filed' with the SEC?
No, Comcast states that this Item 2.02 information and its exhibits are furnished, not filed, under the Securities Exchange Act of 1934. This means the content will not be automatically incorporated by reference into any future registration statements or filings under the Securities Act of 1933 or the Exchange Act.
04—Continue